Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
GECOM from Gent, company number BE0438524330, closed financial year 2025 with a result of € -254,659 after tax. For that financial year GECOM recorded revenue of € 186,463 and equity of € 17.7 million. Compared with financial year 2024, the result moved from € -15,429 to € -254,659. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 4, 2026.
€ 17.7 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -254,659
▼ 1551 % more loss than in 2024
Profit after tax over the fiscal year.
€ 35,920
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 16.9 million.
People and assets in 2025
€ 2,707
▲ 220% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 54,241
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 101 days on average.
€ 37,225
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,406,491 | € 1,526,589 | € 307,312 | € 186,463 | ▼ 39% |
| Profit after taxes | € 450,699 | € 517,017 | € -15,429 | € -254,659 | ▼ € 239,230 |
| Equity | € 17,426,585 | € 17,943,602 | € 17,928,173 | € 17,673,514 | ▼ 1% |
| Total debts | € 6,734,886 | € 7,005,280 | € 6,970,024 | € 1,959,220 | ▼ 72% |
| Cash | € 245,804 | € 161,984 | € 62,183 | € 35,920 | ▼ 42% |
| Land & buildings | € 10,629,040 | € 10,991,910 | € 11,323,454 | € 11,830,766 | ▲ 4% |
| Retained profit | € 16,642,638 | € 17,159,655 | € 17,144,226 | € 16,889,568 | ▼ 1% |
| Bank debt | € 5,070,000 | € 5,100,000 | € 5,100,000 | € 0 | ▼ 100% |
| Balance sheet total | € 25,072,089 | € 25,894,874 | € 25,806,339 | € 20,503,805 | ▼ 21% |
Key figures of GECOM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to GECOM?
What happened at GECOM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- John Geernaert stepped down as director. NBB
- Francis Geernaert stepped down as director. NBB
- Nancy Geernaert stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 254,659. filed late Source: NBB ↗
- John Geernaert became a director. NBB
- Francis Geernaert became a director. NBB
- Nancy Geernaert became a director. NBB
- New establishment in Gent. KBO
In short
From € 450,699 profit in 2022 to € 254,659 loss in 2025.
Paid € 66,657 in corporate taxes since 2022.
Best year ever: 2023, with € 517,017 profit.
Pays suppliers within 101 days on average.
Management
It owns 99.6% of Gasthof Den Ever, 99.2% of C.A.D. HOLDING, 73% of Belco Construct, 50% of Belcofim, 50% of DEMA PROJECTS and 25% of Freespace itself.
Directors
According to the 2025 annual accounts
John Geernaert
Director
since 2025 · until 2031
Francis Geernaert
Director
Also active at: GREEN-CORNER, THE BARON'S TOO, C.A.D. HOLDING, Gasthof Den Ever, BELCO FLANDERS, HERON, FREESPACE, Belco Construct +5 more
since 2025 · until 2031
Nancy Geernaert
Managing director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Baarleveer 28
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.524.330
- VAT number
- BE 0438.524.330
- Registered office
- Baarleveer 28, 9031 Gent
- Names & denominations
- GECOM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 October 1989
- Peppol
- Active · Active since 23 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen